(Finance) – “Today’s report shows that my plan to build a bottom-up economy is working to get America back to work. Since I took office, the economy has created 7.4 million jobs. There are 7.4 million jobs that give families dignity and a little more breathing space. We are building a better America. ”The said US president Joe Biden about the report of the US Bureau of Labor Statistics (BLS) which showed that, in February, jobs in the non-agricultural sectors increased by 678,000 units, a figure well above analysts’ expectations (+ 440 thousand).
“In February, the economy created 678,000 jobs, after the largest year of employment growth in American history and the fastest economic growth in nearly 40 years. The unemployment rate fell to 3.8. %. At the same time, more and more people are re-entering the workforce and finding work as we recover from the pandemic. And people returned to work in February in a wide range of industries, with jobs acquired in the leisure and hospitality, construction, retail and manufacturing sectors. “
In conclusion, according to the US president, “this progress is the result of the new economic approach I spoke of in the State of the Union: to grow the economy from the bottom up and from the center. And it is the result of our success. in the fight against Covid-19 and in moving forward safely. As we face the challenge families are facing with rising costs, today’s report stresses that the US is uniquely positioned to address the challenge inflation has posed around the world as we recover from the pandemic. “.